The company said in a news release that each fund’s
investment mix will vary with the number of years
remaining to the determined year. As that year
approaches, the allocation to equities will decrease and
the allocation to fixed income and money markets will
increase, the company said. The objective of the funds is
the highest total return consistent with an investment
mix appropriate for the number of years remaining to the
targeted year, American Century said. Each dated My
Retirement Portfolio’s asset mix will be reallocated
annually.

The funds invest in a combination of American
Century mutual funds representing various asset classes
and sectors. The fifteen underlying funds are selected
for their risk-reward profile, return correlations and
other factors, according to the announcement.

The American Century My Retirement Portfolio use a
funds of funds structure and total expenses are based on
a pro-rata share of the expenses of the underlying funds.
The company said the expense rations for the funds will
be Income (0.75%), 2015 (0.84%), 2025 (0.89%), 2035
(0.95%), and 2045 (0.97%). The fund minimum is
$2,500.

For more information about the My Retirement
Portfolios, call American Century at
1-800-345-2021.